The Entry at the End of the Month to Reimburse

question 33

Multiple Choice

The entry at the end of the month to reimburse the petty cash for the amount spent is:

• A)Debit petty cash expenses; credit bank
• B)Debit petty cash asset; credit petty cash expenses
• C)Debit petty cash asset; credit bank
• D)Debit bank; credit petty cash asset

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Definitions:

Big Data

Large and complex data sets that traditional data processing application software is inadequate to deal with.

Programming Language

A formal language comprising a set of instructions used to produce various kinds of output, including software programs, that computers can execute or interpret.

Actual Rate

The real interest rate or return on an investment, taking into account inflation.

Interest

The cost of borrowing money or the payment made to a lender by a borrower for the use of money, typically expressed as an annual percentage rate.